Welcome to our dedicated page for South Plains Financial news (Ticker: SPFI), a resource for investors and traders seeking the latest updates and insights on South Plains Financial stock.
South Plains Financial, Inc. reports recurring bank holding company developments for City Bank, its Texas state-chartered banking subsidiary. News from SPFI centers on quarterly operating results, balance-sheet discipline, credit quality, loan growth, cash dividends, and management commentary on community-bank activity in Texas and nearby markets.
The company provides commercial and consumer financial services to small and medium-sized businesses and individuals, including commercial and retail banking, investment, trust, and mortgage services. Coverage also includes completed bank acquisitions, market expansion, community impact reporting, and recognition tied to banking performance and franchise metrics.
South Plains Financial (NASDAQ: SPFI) reported second quarter 2026 net income of $19.0 million, up from $14.5 million in the prior quarter and $14.6 million a year ago, with diluted EPS of $0.96 versus $0.85 and $0.86, respectively. Net interest income rose to $50.3 million, driven largely by the April 1, 2026 acquisition of BOH Holdings, which added about $667 million of interest-earning assets and $611 million of interest-bearing liabilities. Tax-equivalent net interest margin was 4.00%, slightly below prior periods, while average deposit costs increased to 2.08%.
Loans held for investment increased to $3.77 billion, including $631.9 million from BOH and $35.4 million of organic growth; deposits reached $4.64 billion, with $595.6 million from BOH and $288.6 million of year-over-year organic growth. Asset quality remained stable, with nonperforming assets at 0.19% of total assets and annualized net charge-offs at 0.06%. Tangible book value per share (non-GAAP) was $29.57, and regulatory capital ratios included a total risk-based capital ratio of 16.53% and CET1 of 14.10%. The company highlighted ongoing integration of Bank of Houston and confirmed a leadership transition, with CEO Curtis Griffith planning to retire at year-end while remaining chairman and President Cory Newsom assuming the CEO role.
South Plains Financial (NASDAQ:SPFI), parent of City Bank, declared a quarterly cash dividend of $0.18 per share, representing a 6% increase from the dividend declared in April 2026. The dividend will be paid on August 10, 2026 to shareholders of record on July 27, 2026.
South Plains Financial (NASDAQ:SPFI), parent of City Bank, will release its second quarter 2026 financial results before the market opens on Friday, July 17, 2026. A conference call and live webcast are scheduled for 8:30 a.m. ET the same day.
Investors can access the event by telephone or via the company’s website, with a replay available until July 31, 2026.
South Plains Financial (NASDAQ:SPFI) announced a planned CEO transition. Chairman and CEO Curtis Griffith will retire as Chief Executive Officer effective December 31, 2026, remaining Chairman and a director.
Cory Newsom, currently President and director, will become CEO at that time. The company agreed a consultancy role for Griffith and plans to repurchase 300,000 shares of his SPFI stock at market price in a private transaction by June 30, 2026.
South Plains Financial (NASDAQ:SPFI) reported first quarter 2026 results: net income $14.5M, diluted EPS $0.85, and tax-equivalent NIM 4.04% for the quarter ended March 31, 2026. Deposits totaled $4.03B and loans held for investment were $3.10B.
The company completed the BOH/Bank of Houston merger effective April 1, 2026, bringing BOH assets of $685.0M, loans of $631.9M, and deposits of $595.6M. Capital ratios remained strong with CET1 at 14.80%.
South Plains Financial (NASDAQ:SPFI) declared a quarterly cash dividend of $0.17 per share. The dividend is payable on May 11, 2026 to shareholders of record at the close of business on April 27, 2026. This provides a scheduled cash return to common shareholders.
South Plains Financial (NASDAQ:SPFI) will release first quarter 2026 financial results after market close on April 28, 2026 and will host a conference call and webcast at 5:00 p.m. ET the same day to discuss results.
Live audio and a replay (pin 13759880) will be available via the company website; the replay is accessible until May 12, 2026.
South Plains Financial (NASDAQ:SPFI) completed its merger with BOH Holdings and the merger of BOH’s Bank of Houston into City Bank, effective April 1, 2026. The deal folds BOH’s banking operations into South Plains’ City Bank platform.
As of December 31, 2025, BOH reported $744 million total assets, $624 million total loans, and $603 million total deposits. Raymond James and Hillworth Bank Partners provided financial advice and fairness opinions; Hunton Andrews Kurth and Fenimore Kay Harrison served as legal advisors.
South Plains Financial (NASDAQ:SPFI) and BOH Holdings announced that all required regulatory and shareholder approvals for their proposed merger have been received.
BOH shareholders approved the merger on March 20, 2026. The Federal Reserve, FDIC and Texas Department of Banking issued approvals or non‑objections. The transaction is expected to close on April 1, 2026, subject to customary closing conditions.
South Plains Financial (NASDAQ:SPFI) released its 2025 Community Impact Report on March 9, 2026, detailing community lending, philanthropy, volunteerism, and education efforts.
Highlights include: $478 million+ in loans for small businesses, farms and community development; $180,000 awarded annually to nonprofits; 4,119 employee volunteer hours; and educational outreach via EverFi.